Hi-Crush Partners LP (NYSE:HCLP) – Equities researchers at Jefferies Financial Group issued their Q3 2019 earnings per share estimates for Hi-Crush Partners in a research report issued on Wednesday, October 17th. Jefferies Financial Group analyst S. Pant forecasts that the basic materials company will earn $0.37 per share for the quarter. Jefferies Financial Group has a “Underperform” rating and a $6.00 price target on the stock.
A number of other research analysts have also recently commented on HCLP. Piper Jaffray Companies set a $10.00 price objective on Hi-Crush Partners and gave the company a “hold” rating in a report on Tuesday, October 2nd. Barclays initiated coverage on Hi-Crush Partners in a research note on Thursday, August 16th. They set an “equal weight” rating and a $14.00 price target on the stock. Guggenheim cut Hi-Crush Partners from a “buy” rating to a “neutral” rating in a research note on Friday, July 6th. B. Riley decreased their price target on Hi-Crush Partners from $18.00 to $15.00 and set a “buy” rating on the stock in a research note on Thursday, September 6th. Finally, Johnson Rice cut Hi-Crush Partners from a “buy” rating to an “accumulate” rating and set a $18.00 price target on the stock. in a research note on Monday, August 20th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $14.53.
Shares of HCLP stock opened at $9.20 on Thursday. The stock has a market capitalization of $954.64 million, a PE ratio of 9.11 and a beta of 1.35. The company has a quick ratio of 1.47, a current ratio of 1.85 and a debt-to-equity ratio of 0.22. Hi-Crush Partners has a 52-week low of $8.62 and a 52-week high of $16.65.
Hi-Crush Partners (NYSE:HCLP) last issued its quarterly earnings data on Tuesday, July 31st. The basic materials company reported $0.67 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.77 by ($0.10). The company had revenue of $248.52 million during the quarter, compared to analyst estimates of $250.12 million. Hi-Crush Partners had a net margin of 22.92% and a return on equity of 24.51%. The business’s quarterly revenue was up 83.8% compared to the same quarter last year. During the same period last year, the firm earned $0.18 EPS.
Hedge funds have recently bought and sold shares of the company. Van ECK Associates Corp lifted its position in shares of Hi-Crush Partners by 10.9% during the 2nd quarter. Van ECK Associates Corp now owns 239,227 shares of the basic materials company’s stock valued at $2,823,000 after acquiring an additional 23,590 shares during the period. Raymond James Financial Services Advisors Inc. lifted its position in shares of Hi-Crush Partners by 4.8% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 312,676 shares of the basic materials company’s stock valued at $3,690,000 after acquiring an additional 14,400 shares during the period. Ingalls & Snyder LLC acquired a new stake in shares of Hi-Crush Partners during the 2nd quarter valued at approximately $198,000. Royce & Associates LP acquired a new stake in shares of Hi-Crush Partners during the 2nd quarter valued at approximately $1,134,000. Finally, Malaga Cove Capital LLC lifted its position in shares of Hi-Crush Partners by 13.1% during the 3rd quarter. Malaga Cove Capital LLC now owns 118,544 shares of the basic materials company’s stock valued at $1,292,000 after acquiring an additional 13,750 shares during the period. Institutional investors own 24.26% of the company’s stock.
In related news, insider William E. Barker sold 12,367 shares of the firm’s stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $12.90, for a total value of $159,534.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider William E. Barker sold 9,444 shares of the firm’s stock in a transaction dated Tuesday, September 18th. The shares were sold at an average price of $12.40, for a total transaction of $117,105.60. Following the completion of the sale, the insider now owns 17,968 shares of the company’s stock, valued at approximately $222,803.20. The disclosure for this sale can be found here. 34.80% of the stock is owned by company insiders.
About Hi-Crush Partners
Hi-Crush Partners LP, together with its subsidiaries, provides proppant and logistics solutions to the energy industry in North America. The company produces monocrystalline sand, a specialized mineral used as a proppant during the well completion process to facilitate the recovery of hydrocarbons from oil and natural gas wells.
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